The operating unit of casino company Caesars Entertainment Corp unveiled its plan to cut $10 billion of debt and to exit Chapter 11 in a late Monday filing with a U.S. Bankruptcy Court, Reuters News reported.

TPG Capital LP drew in $6.5 billion in commitments for its first close on TPG Partners VII, its newest flagship fund that offered discounts on management fees for early investors, according to a person familiar with the firm.

In Second Opinion, the NASDAQ hits 5000 for the first time in 15 years, Google confirms plans on becoming a wireless carrier and Kleiner Perkins General Partner John Doerr is expected to testify in the Pao gender discrimination trial.

TPG has agreed to buy Pharmatech from Actavis plc. No financial terms were disclosed for the transaction that is expected to be completed by the middle of this year. Pharmatech specializes in pharmaceutical R&D and manufacturing.

Online education firm Lynda.com has hired Erik Nierenberg as general manager of its enterprise business unit. Previously, Nierenberg worked at Salesforce.com. Lynda.com is backed by TPG, Accel Partners, Spectrum Equity and Meritech.

First Read brings you into the week’s homestretch with news McDonald’s CEO has stepped down, Facebook earnings climb on mobile growth but expenses are up 87% and the future of wearables isn’t the connected watch.

Invacare Corp. has hired Matthew E. Monaghan as president and CEO. The appointment becomes effective April 1, 2015. Currently, Monaghan is the senior vice president and general manager of Zimmer’s Global Hips business. Before joining Zimmer, Monaghan was an operating executive at TPG and Cerberus Capital. Headquartered in Elyria, Ohio, Invacare is a maker of home and long-term care medical products that promote recovery and active lifestyles.

Online education firm Lynda.com has raised $186 million in funding. TPG led the round with participation from Accel Partners, Spectrum Equity and Meritech. Allen & Co provided financial advice to Lynda.com on the transaction. Also, the company has added David Trujillo of TPG to its board.

Greek yogurt maker Chobani, which is recovering from a product recall, on Monday said it will name a new chief executive to replace its founder and may appoint its acting president, a turnaround expert from private equity firm TPG which lent the company $750 million last year.

Greek yogurt maker Chobani is considering replacing Chief Executive Hamdi Ulukaya with its President and Chief Operating Officer Kevin Burns, the New York Post reported, citing people familiar with the matter.

In Second Opinion, NYC considers letting drivers use Bitcoin, Apple Pay and PayPal to pay for parking tickets, Blackstone and TPG are opening up about hidden fees and guess which burger chain has its sights set on Cuba. Happy New Year, everyone!